OLD National Bancorp IN Grows Stock Position in Carnival Co. & plc (NYSE:CCL)

OLD National Bancorp IN boosted its stake in Carnival Co. & plc (NYSE:CCL) by 103.4% in the 1st quarter, Holdings Channel reports. The firm owned 310,142 shares of the company’s stock after purchasing an additional 157,695 shares during the period. OLD National Bancorp IN’s holdings in Carnival Co. & were worth $6,057,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCL. Retirement Systems of Alabama increased its holdings in Carnival Co. & by 2.9% in the 4th quarter. Retirement Systems of Alabama now owns 224,900 shares of the company’s stock valued at $5,605,000 after purchasing an additional 6,420 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Carnival Co. & by 35.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 93,270 shares of the company’s stock valued at $2,339,000 after purchasing an additional 24,496 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Carnival Co. & by 13.1% in the 4th quarter. Bleakley Financial Group LLC now owns 16,034 shares of the company’s stock valued at $400,000 after purchasing an additional 1,863 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at approximately $734,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Carnival Co. & by 18.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 124,004 shares of the company’s stock valued at $3,090,000 after purchasing an additional 19,356 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of CCL opened at $24.31 on Monday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The stock has a market cap of $28.36 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 0.73 and a beta of 2.58. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a fifty day moving average price of $20.29 and a 200 day moving average price of $22.95.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the company earned ($0.14) earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCL. Macquarie dropped their target price on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, May 9th. HSBC upgraded shares of Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 price target for the company in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, March 24th. Finally, Citigroup boosted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.47.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.